This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here personal message, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
If u like the analysis, please...
Yolo longed this 'exceptional' cryptocurrency after a few minutes of mandatory due diligence research on their website.
Expecting a 30% move to the upside. Setting stop-profit at 40 cents.
Gave a stop-loss for those who are too afraid to baghold. No stop-loss for me, it's a bull market. Worst case we pump our way out.
FIL FILECOIN Bullish Squeezing Hits 1 Exabyte of Storage FILUSDT
GOOD NEWS ABOUT FILECOIN -
Filecoin CEO and founder Juan Benet reports the decentralized storage network hit 1 exabyte of capacity.
That's much higher than estimates of the size of the Netflix library.
The next step is getting applications to join the network.
Fil / usdt
🌟 Quick analysis 🌟
After consolidation recently in traingle
Fil now is trading at 0.618 fibo support
Break out is expected to happen soon from that traingle ...wait for breakout directional for better entery
If it break upward the profit is easy up to 40%+
Good luck and happy trading 🌹
The price has already break a strong resistance diagonal line area marked with the long dot blue line. Now is respecting a lower timeframe triangle structure, which one if is broken will give to the price a significance confirmation for a strong upside movement.
The strong support area is the range between 27-28
FIL is accumulating after breaking out of the Falling Wedge pattern and if it does not lose the 30-31$ zone it will rise to the 40$ and even 45$ zone in the next few days. But if it falls out of the 30$ zone it will fall to the 23$ zone
📈BUY- LONG Strategy
- Buy: 30-31$. Stoploss if B
- Sell: 39-40$. Stoploss if A
- Sell: 44-45$. Stoploss if...
Bullish divergence with a confirmed breakout and retest made the situation proper for setting up longs at this level. In other scenario price can hit $33 and crash since the market is not stable for altcoins.
- Maybe one more wave to the upside, to finish 5th Elliott wave - very possible
- I think the trend is over and we are looking for a retracement
- We can see a rising wedge forming on the recent move - bearish pattern
- 100% gains in 3 days, i think it is too oversold for a short term
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The price try to breakout the all-time diagonal line structure and the 1h timeframe channel, but the price couldn´t finish the job, and right now is in a relatively strong downside movement. The expectation is the price break in the downside direction the 1h timeframe channel, and visit the support area of 29,5, if that area is broken, wait for it at 28,3.